DANSKE BANK Sustainability Profile
Danske Bank, officially known as Danske Bank A/S, is a leading financial institution headquartered in Sweden (SE). Established in 1871, the bank has evolved into a prominent player in the Nordic financial services sector, with significant operations across Denmark, Finland, Norway, and the Baltic countries. Specialising in retail banking, corporate banking, and wealth management, Danske Bank offers a diverse range of products and services, including personal loans, mortgages, and investment solutions. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a strong market position, Danske Bank has achieved notable milestones, including the introduction of digital banking services that enhance customer experience. The bank continues to focus on sustainable finance, reinforcing its reputation as a responsible financial partner in the region.
DitchCarbon Score
How does DANSKE BANK's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
DANSKE BANK's score of 28 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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DANSKE BANK's reported carbon emissions
In 2023, DANSKE BANK reported total carbon emissions of approximately 9,292,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 1,954,000 kg CO2e. This marks an increase from 2022, when total emissions were about 8,362,000 kg CO2e, with Scope 1 and 2 emissions at approximately 2,307,000 kg CO2e. The bank's emissions have fluctuated over the years, with 2021 emissions recorded at about 7,400,000 kg CO2e and 2020 emissions at approximately 10,398,000 kg CO2e. DANSKE BANK has not disclosed specific reduction targets or initiatives as part of its climate commitments. There are no reported SBTi (Science Based Targets initiative) reduction targets or other formal climate pledges. The absence of detailed reduction strategies suggests a need for further commitment to climate action within the banking sector. Overall, while DANSKE BANK has made strides in tracking its emissions, the lack of clear reduction targets indicates potential areas for improvement in its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is DANSKE BANK's Industry?
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DANSKE BANK's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
DANSKE BANK has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
